Is this just stupidity and greed, or is their perhaps more of a purpose to it?
I have no skin in the game, (have lots of steem now! wooohooo)..and a skeptic (re government and banking control).
I never thought of this, but this could be system to control it all. You are slave to transaction fees..?
I know bugger all, ....just sayin'...
Well not all cryptos have those. Yet bitcoin does. There are no transaction fees for steem and it is WAY faster.
I can say that cryptos across the board seem to be taking a dive at the moment (though steem still looks nice :) not just bitcoin.
bitcoin the testing currency only?.............if this is the case, it bodes well, not badly - for the future of non government controlled crypto........I think...I'm lost! lol
Yeah... I suspect crypto will be the future of money in the long run. Which one will win out, or will we be stuck with many remains to be seen.
I think so to, it's just the bloody sneaky corrupt evil banks/gvmnt's I'm worried about...
I just cant see them giving up control of something they have had for so long...
...Not without a fight - and they don't play fair, that is a 100% guarantee...
Well let me tell you something. I actually looked at bitcoin when it was less than 1 cent per bitcoin. I thought it was a cool idea.
I had $20 to buy it or a pizza.
I said something along the lines of "The government is likely to crush it". I bought a Pizza instead.
Had I chosen to buy the bitcoin instead I would have been a millionaire many times over for the price of a pizza.
So I do take a little risk now. Not a lot, but some.
I was laid up in bed with a smashed leg from a bike accident when I heard about it the idea of it. ( it hadn't been launched)
I thought ' yeah, that's where it's goin, I'll have some of that , I'll put 800 dollars in ..' (£500 pounds at the time)
Then dying parents and caring for them the took over, and my mind wasn't in crypto for a few years...
bollox! lolol.
I'm not risk averse to be honest, just skint . lol